As a business owner, renting property to your own business might seem like a straightforward strategy. However, without proper tax planning, this approach can lead to significant tax implications, often
When disaster strikes, such as a tropical storm or other unforeseen calamities, the damage to your investment property can be devastating. To make matters worse, you might find yourself facing
Finding your dream home can be exciting, but financing it can be a challenge, especially when you’re stuck in a situation where you can’t sell your current home at a
A recent U.S. Supreme Court ruling has sent ripples through the world of small business, with significant implications for how closely held businesses are valued for estate tax purposes. The
When it comes to selling your principal residence, understanding how to maximize the available tax breaks can make a significant difference in your financial outcome. The federal income tax gain
Investing in rental properties can be a lucrative endeavor, but it’s crucial for business owners to understand the tax implications that come with it. Whether you’re purchasing your first rental
As a business owner, you’re likely always on the lookout for smart strategies to reduce your tax liability while supporting causes you care about. Charitable contributions are one of the
Selling a rental property can be a lucrative move, but it also comes with a potentially significant tax burden. Fortunately, there are strategies available that can help you minimize or
Owning a vacation home or second property can be more than just a personal luxury; it can also be a strategic asset in your tax planning. By understanding how to
Aircraft ownership can be an attractive proposition for business owners, offering convenience, flexibility, and potential tax benefits. However, when structured through an S Corporation, the tax implications can become complex